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Direct Axis is an authorized financial service provider that presents loans and other financial services geared towards the unique necessities of each client. Direct Axis arranges their loans through Clientele which is a reputable choice for many clients.
Occasionally consumers under debt review are approached by salespeople who try to convince them to exit their debt reviews in order to get access to credit. This is reckless and may lead to further debt problems.
Consolidate Your Debt
If you’re struggling to keep up with multiple debt repayments, consolidating them into a single monthly payment could help. But it’s important to do your research first. Find out who you owe money to and what their interest rates are. Also, ask whether they calculate your interest daily or monthly. Once you know this information, you’ll be able to make an informed decision about whether debt consolidation is right for you.
The application process is quick and easy, and you can apply online. You’ll need to provide a copy of your South African ID, a recent document that confirms your residential address, and a bank statement or payslip showing your regular income. Once you’re approved, the funds will be deposited into your account within 48 hours.
With a personal loan from DirectAxis, you can consolidate your debts, simplify your finances and increase your cash flow. They will settle your other debts, retail and credit card accounts, allowing you to repay them with a single monthly payment at a lower interest rate. In fact, South Africans who consolidate their debt with DirectAxis improve their cash flow by an average of R1,900 each month.
All DirectAxis personal loans are unsecured, meaning you don’t need to put up your home or car as collateral. In addition, your loan repayments are fixed for the full term of the loan. This means your monthly repayments will never increase, no matter how much the company’s interest rates rise.
Reduce Your Monthly Repayments
If you have multiple debts, a direct axis loan under debt review can help reduce your monthly repayments. Also known as debt counselling, this process enables consumers with over-indebtedness to formally negotiate with their creditors to reduce their monthly repayments and interest rates. This is an affordable alternative to sequestration or administration and helps consumers regain control of their finances.
All personal loans offered by Direct Axis are unsecured, meaning that you won’t have to use any of your assets as grandfin loans collateral. This means that you can apply for a loan even if you have bad credit. The company also promotes responsible lending and complies with the National Credit Act to ensure that all loans are given on a fair basis.
Once you have submitted an application, the direct axis team will analyze it and get back to you within hours to let you know whether your loan has been approved or not. If your application is approved, the money will be transferred to your bank account within 24 hours.
You can spend the money from a direct axis personal loan however you like – whether that’s to do home renovations, pay for your child’s education or take a holiday. The company will deposit the money into your bank account once it has been approved, and you can decide how to use it from there.
Get a Lower Interest Rate
Getting a loan from direct axis while under debt review is easy and you can receive the money within 48 hours of approval. You will need to be able to prove your income through recent payslips or bank statements. The money will be deposited directly into your bank account and you can use it however you wish. The monthly repayment is adjusted to a single fixed amount and comes with a single service fee and credit protection plan. You will also find that your credit health improves significantly when you consolidate your debt.
Unlike many of their competitors, DirectAxis are a fully licensed and regulated financial services provider. They believe that it is their responsibility to treat their customers fairly and responsibly. They have a team of experienced debt administrators who can help you resolve your debt issues and get back on track. They will also negotiate with your creditors to get you a lower interest rate on your outstanding debt and monthly instalments.
Occasionally consumers under debt review are approached by salespeople who offer them credit in return for a commission to exit their debt review. This is a reckless course of action as leaving debt review will only cause you to dig yourself a bigger debt hole which you may never break out of. This is why you should always seek advice from a qualified debt counsellor before entering into any financial agreements.
Improve Your Credit Score
Most people don’t think about their credit rating until it’s time to apply for a loan. However, a good credit score is important because it can have a huge impact on your life. It determines whether you’ll be able to get loans, mortgages and credit cards, as well as determining how much interest you’ll pay on those products.
Debt review, also known as debt counselling, is a process that can help you manage your debt and become debt free. It involves a debt counsellor working with you and your creditors to come up with a repayment plan. However, it’s important to note that you will not be free of all your debt once you leave debt review – other creditors can take legal steps to recover their money.
DirectAxis is a South African financial services provider that offers personal and debt consolidation loans, as well as other finance products. They’re part of the FirstRand Varieties financial group and are a trusted name in the country’s finance industry. Their products are geared towards meeting the needs of most credit seekers, and they offer a free economic well-being programme.